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GARMIN LTD — Director's Dealing 2022
Dec 20, 2022
30027_dirs_2022-12-19_8b8454a7-202c-4965-9beb-f233669f31e0.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2022-12-15
Reporting Person: Straub Philip (EVP, Man. Director - Aviation)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-12-14 | Registered Shares | G | 530 | — | Disposed | 77556.5 | Direct |
| 2022-12-15 | Registered Shares | F | 2099 | $92.72 | Disposed | 75457.5 | Direct |
| 2022-12-15 | Registered Shares | A | 7449 | — | Acquired | 82906.5 | Direct |
Footnotes
F1: Shares gifted to a charitable organization
F2: Includes 17,734 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F3: On December 15, 2022, 4,784 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 4,784 shares, 2,099 shares were withheld to pay the resulting tax liability.
F4: Includes 12,950 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F5: On December 15, 2022 the reporting person received a grant of 7,449 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2023.
F6: Includes 20,399 unvested shares acquired pursuant to the December 15, 2022 restricted stock unit award and previously granted restricted stock unit awards.